Apple announces increase in App Store prices across several countries

Apple has announced that from February 13, it will be changing App Store prices in multiple countries. App Store prices are set to increase in Colombia, Egypt, Hungary, Nigeria, Norway, South Africa, and the United Kingdom. At the same time, prices will decrease in Uzbekistan by 3% due to the reduction of a local tax. 

According to Apple, the company periodically updates App Store prices based on changes in taxes and foreign exchange rates. This is done using publicly available exchange rate information from financial data providers, in order to ensure that prices for apps and in-app purchases stay equalized across all storefronts.

Taxes and foreign exchange rates can fluctuate over time, and these changes can impact the prices of apps on the App Store. By adjusting prices to reflect these changes, Apple can ensure that developers are fairly compensated for their work and that consumers are paying a fair price for the apps they use. It’s worth mentioning that Auto-renewable subscription prices won’t change. 

Although there will be no change in App Store prices in Ireland, Luxembourg, Singapore, and Zimbabwe, the proceeds for developers will be adjusted to reflect the following tax changes:

• Ireland: Reduction of value-added tax rate on electronic newspapers and periodicals from 9% to 0%
• Luxembourg: Reduction of value-added tax rate from 17% to 16%
• Singapore: Increase of goods and services tax rate from 7% to 8%
• Zimbabwe: Increase of value-added tax rate from 14.5% to 15%

“Additionally, by the end of January proceeds will increase for local developers selling in Cambodia, Kyrgyzstan, Indonesia, Singapore, South Korea, Tajikistan, Thailand, and Uzbekistan,” said the company. 

Earlier in October, Apple had also increased the App Store prices in Japan, South Korea and some other European countries citing the same reason of changes in tax and foreign exchange rates.